Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
don't understand how he makes money
>
Reply to Thread
Message:
<p>[QUOTE="Sholom, post: 609600, member: 17753"]I don't know how so many folks sell so many things so cheaply either! I'd love it explained to me!</p><p><br /></p><p>Here's my dumb example: </p><p><br /></p><p>Last month, I saw somebody selling the new 2009 Proof Sets as a pre-sale, "buy it now" for $34.95 + $3.95 shipping. (Remember: the first day of release was June 1). So, I figured, since I can pick up the 2009 sets right at the mint store, I could advertise a "Pre-Sale, guaranteed to ship by June 2" and, what the heck, I reduced the price by a nickel -- so I offered them at "buy it now" for $34.90 + $3.95 shipping.</p><p><br /></p><p>Well, little did I know at the time that ebay's percentage for buy it now is like 11% or 12% or something.</p><p><br /></p><p>So, I sold three of them for that $34.90+3.95 price (a total of $38.85).</p><p><br /></p><p>My cost was 29.95, the ebay fee was 4.19, postage was 3.45, and paypal fee was 1.43</p><p><br /></p><p>If you add that up -- I lost 0.17 on each set I sold. (At least it was only 0.17!)</p><p><br /></p><p>But that means that the pro who I was competing against, lost money, too!</p><p><br /></p><p>Did that seller know a way to cut expenses that I didn't know?</p><p><br /></p><p>Sheesh![/QUOTE]</p><p><br /></p>
[QUOTE="Sholom, post: 609600, member: 17753"]I don't know how so many folks sell so many things so cheaply either! I'd love it explained to me! Here's my dumb example: Last month, I saw somebody selling the new 2009 Proof Sets as a pre-sale, "buy it now" for $34.95 + $3.95 shipping. (Remember: the first day of release was June 1). So, I figured, since I can pick up the 2009 sets right at the mint store, I could advertise a "Pre-Sale, guaranteed to ship by June 2" and, what the heck, I reduced the price by a nickel -- so I offered them at "buy it now" for $34.90 + $3.95 shipping. Well, little did I know at the time that ebay's percentage for buy it now is like 11% or 12% or something. So, I sold three of them for that $34.90+3.95 price (a total of $38.85). My cost was 29.95, the ebay fee was 4.19, postage was 3.45, and paypal fee was 1.43 If you add that up -- I lost 0.17 on each set I sold. (At least it was only 0.17!) But that means that the pro who I was competing against, lost money, too! Did that seller know a way to cut expenses that I didn't know? Sheesh![/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
don't understand how he makes money
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...